When her business reached $92 million in venture funding in 2010, she met George Shultz, the former secretary of state who would later join the company’s board of directors. She was able to secure $6 million for Theranos in 2004, and the business immediately started receiving payments from pharmaceutical firms to do tests. Although many of her teachers believed the endeavor to be difficult, she was able to convince someone to join the company’s board, which allowed her to pitch her concept to venture capitalists. He conceived the notion of extracting significant amounts of data from a few droplets of blood from the tip of a finger. Inventing the company, Holmes cited his dread of needles as one of the driving forces. She started Theranos to democratize access to early health information for everyone, allowing for the earliest possible identification of potential health issues. Her first invention was a wearable drug delivery patch in 2003, and the following year she decided to leave Stanford’s School of Engineering so she could utilize her money as seed capital for a healthcare technology startup. During her first year, she also assisted with testing for severe acute respiratory syndrome at the Genome Institute of Singapore (SARS). She attended Stanford University as a President’s Scholar in 2001, where she studied chemical engineering. She succeeded in launching her first company by selling C++ compilers to Chinese universities. John’s School, she had a keen interest in both business and computer programming. Elizabeth Holmes: Early Life and FamilyĮlizabeth’s mother served as a staff member on a Congressional committee, while her father worked for several international government organizations, including USAID. Her net worth had now decreased due to her repaying funds when the fraud was uncovered and paying fines. She previously held the record for being the youngest self-made female billionaire in the world because of the $9 billion in value she obtained from Theranos. Elizabeth Holmes’s Net worth, EarningsĮlizabeth Holmes’ estimated wealth Sources indicate that as of the middle of 2022, there was no net worth because wire fraud was discovered and it was all destroyed. She is an entrepreneur best known as the founder and former CEO of Theranos, a company that gained notoriety for making exaggerated claims about the development of novel blood tests that could diagnose several diseases with just a small amount of blood.
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